Trending stocks: HDFC share price flat in early session

NEW DELHI: Shares of Housing Development Finance Corporation Ltd. traded 0.12 per cent up in Friday's trade at 10:07AM (IST). Around 42,898 shares changed hands on the counter.

The scrip opened at Rs 1774.1 and touched an intraday high and low of Rs 1788.15 and Rs 1761.4, respectively, in the session so far. The stock of Housing Development Finance Corporation Ltd. quoted a 52-week high of Rs 2499.65 and a 52-week low of Rs 1473.1.

Total market cap of the Housing Development Finance Corporation Ltd. stood at Rs 305689.71 crore at the time of writing this report.


Key Financials
The company reported consolidated sales of Rs 16600.08 crore for the quarter ended 31-Mar-2020, down 42.75 per cent from previous quarter's Rs 28996.17 crore and down 42.06 per cent from the year-ago quarter's Rs 28652.48 crore.

The net profit for latest quarter stood at Rs 4116.2 crore, down 8.37 per cent from the same quarter a year ago.

Shareholding pattern
As of 31-Mar-2020, DIIs held 9.52 per cent stake in the company, while foreign institutional investors held 70.88 per cent.


Valuation ratio
According to BSE data, the stock traded at a P/E multiple of 14.26 and a price-to-book ratio of 2.6. A higher P/E ratio shows investors are willing to pay a higher price because of better future growth expectations. Price-to-book value indicates the inherent value of a company and is the measure of the price that investors are ready to pay even for no growth in the business.

Housing Development Finance Corporation Ltd. belongs to the NBFC - Housing industry.